WASHINGTON (AP) — President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.

Donald Trump's trade advisers were finalising plans on Wednesday for the reciprocal tariffs the US president has vowed to impose on every country that charges duties on US imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky US inflation, reported Reuters .

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.